Yaoundé - 26 September 2021 -
Public management

Cameroon forecasts 4.4% growth for 2022, conditioned to bringing the Covid pandemic under control

Cameroon forecasts 4.4% growth for 2022, conditioned to bringing the Covid pandemic under control
  • Comments   -   Wednesday, 01 September 2021 17:02

(Business in Cameroon) - Cameroon could grow to 4.4% in 2022, according to the presidential circular laying down the general budget policy guidelines for the 2022 financial year. This represents a rise of 1% compared with the 3.4% growth forecast for 2021 after the 0.7% recorded in 2020 due to the coronavirus pandemic.

According to the circular, in 2022, economic growth will be spurred by the non-oil sector forecasted to grow by 4.7%. As for the oil sector, the government expects it to decelerate by 1.8%. "In the non-oil sector, in particular, recovery in demand from our trading partners will lead to an upturn in activities in export-oriented branches such as export agriculture forestry and logging," the presidential circular reads.  

The circular nevertheless reminds that the growth was forecasted with "the assumption that the pandemic will be brought under control and economies will open up, coupled with the fallout from the stimulus measures."

Meaning, in 2022, the growth will still depend on the evolution of the coronavirus pandemic. On that front, things are still uncertain given that despite the government’s efforts to curb the pandemic, the country that has almost all the variants recently recorded 1,250 new cases within just fifteen days officially. This is obviously due to the population’s reluctance to get vaccinated. Vaccine expiration is adding to the woes. According to the expanded immunization program, on August 23, 2021, Cameroon lost roughly 5,000 doses of AstraZeneca, which had reached its expiry date. 


In the framework of its far belt project in Kribi, the host town of a deep seaport, agroforestry cooperative Coop CA AIO is currently planning to create...
Since September 22, 2021, employees of the National Civil Engineering Equipment Depot (MATGENIE) have been, once again, protesting to request the payment...
Cameroon recently introduced the single transit permit for trips along the Douala-Bangui and Douala-Ndjamena corridors. This digital permit issued by...
In 2020, Togo became Cameroon’s leading African supplier and the 7th worldwide, according to figures published by the National Institute for Statistics...

Mags frontpage

Business in Cameroon n103: September 2021

Cameroon: The other cocoa land

The rise of private equity

Investir au Cameroun n113: septembre 2021

Le Cameroun, l’autre pays du cacao

L’émergence du private equity camerounais